O Shaughnessy Asset Management LLC Purchases 32,960 Shares of The Procter & Gamble Company (NYSE:PG)

O Shaughnessy Asset Management LLC increased its holdings in shares of The Procter & Gamble Company (NYSE:PG) by 8.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 432,699 shares of the company’s stock after purchasing an additional 32,960 shares during the period. Procter & Gamble accounts for approximately 0.6% of O Shaughnessy Asset Management LLC’s holdings, making the stock its 25th largest position. O Shaughnessy Asset Management LLC’s holdings in Procter & Gamble were worth $72,542,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. NewSquare Capital LLC boosted its position in shares of Procter & Gamble by 933.3% in the fourth quarter. NewSquare Capital LLC now owns 155 shares of the company’s stock valued at $26,000 after acquiring an additional 140 shares during the period. LFA Lugano Financial Advisors SA bought a new position in Procter & Gamble during the fourth quarter worth about $34,000. Atlantic Private Wealth LLC raised its stake in Procter & Gamble by 95.3% in the 4th quarter. Atlantic Private Wealth LLC now owns 207 shares of the company’s stock worth $35,000 after purchasing an additional 101 shares in the last quarter. Noble Wealth Management PBC bought a new stake in Procter & Gamble in the 4th quarter valued at about $39,000. Finally, Bay Harbor Wealth Management LLC grew its position in shares of Procter & Gamble by 972.0% during the 4th quarter. Bay Harbor Wealth Management LLC now owns 268 shares of the company’s stock worth $45,000 after purchasing an additional 243 shares in the last quarter. 65.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. UBS Group reiterated a “buy” rating on shares of Procter & Gamble in a research note on Monday, February 10th. Piper Sandler decreased their price target on Procter & Gamble from $173.00 to $172.00 and set a “neutral” rating on the stock in a research report on Monday, February 24th. JPMorgan Chase & Co. cut their price objective on shares of Procter & Gamble from $186.00 to $181.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Erste Group Bank raised shares of Procter & Gamble from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Finally, DA Davidson restated a “buy” rating and issued a $209.00 target price on shares of Procter & Gamble in a research report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating, twelve have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $181.82.

Procter & Gamble Stock Performance

Shares of PG opened at $167.94 on Friday. The Procter & Gamble Company has a 12 month low of $153.52 and a 12 month high of $180.43. The company has a market capitalization of $393.80 billion, a price-to-earnings ratio of 26.74, a PEG ratio of 3.76 and a beta of 0.41. The stock has a 50 day moving average of $168.60 and a 200 day moving average of $169.35. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Wednesday, January 22nd. The company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.86 by $0.02. Procter & Gamble had a return on equity of 33.00% and a net margin of 18.35%. The business had revenue of $21.88 billion for the quarter, compared to the consensus estimate of $21.66 billion. During the same quarter in the prior year, the business earned $1.84 earnings per share. Procter & Gamble’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, sell-side analysts forecast that The Procter & Gamble Company will post 6.91 earnings per share for the current year.

Procter & Gamble Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 24th were paid a dividend of $1.0065 per share. The ex-dividend date was Friday, January 24th. This represents a $4.03 annualized dividend and a yield of 2.40%. Procter & Gamble’s dividend payout ratio is currently 64.01%.

Insider Transactions at Procter & Gamble

In other news, insider Marc S. Pritchard sold 90,450 shares of the company’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $163.84, for a total value of $14,819,328.00. Following the completion of the sale, the insider now owns 172,814 shares of the company’s stock, valued at approximately $28,313,845.76. This represents a 34.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gary A. Coombe sold 35,000 shares of Procter & Gamble stock in a transaction on Friday, February 28th. The stock was sold at an average price of $173.68, for a total transaction of $6,078,800.00. Following the completion of the transaction, the chief executive officer now owns 22,051 shares in the company, valued at approximately $3,829,817.68. The trade was a 61.35 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 143,450 shares of company stock valued at $23,988,008. 0.18% of the stock is currently owned by company insiders.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.